India Flow Diverters Market Size & Outlook, 2023-2030
India flow diverters market, 2018-2030 (US$M)
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India flow diverters market highlights
- The India flow diverters market generated a revenue of USD 9.4 million in 2023 and is expected to reach USD 23.8 million by 2030.
- The India market is expected to grow at a CAGR of 14.2% from 2024 to 2030.
- In terms of segment, >5mm was the largest revenue generating product in 2023.
- 3-4mm is the most lucrative product segment registering the fastest growth during the forecast period.
Flow diverters market data book summary
| Market revenue in 2023 | USD 9.4 million |
| Market revenue in 2030 | USD 23.8 million |
| Growth rate | 14.2% (CAGR from 2023 to 2030) |
| Largest segment | >5mm |
| Fastest growing segment | 3-4mm |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 2-3mm, 3-4mm, 4-5mm, >5mm |
| Key market players worldwide | Medtronic PLC, Stryker Corp, Terumo Corp, MicroPort Scientific Corp, Johnson & Johnson, InspireMD Inc, Balt, Phenox, Acandis GmbH |
Other key industry trends
- In terms of revenue, India accounted for 3.1% of the global flow diverters market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan flow diverters market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 16.0 million by 2030.
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Flow Diverters Market Scope
Flow Diverters Market Companies
| Name | Profile | # Employees | HQ | Website |
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India flow diverters market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flow diverters market will help companies and investors design strategic landscapes.
>5mm was the largest segment with a revenue share of 63.83% in 2023. Horizon Databook has segmented the India flow diverters market based on 2-3mm, 3-4mm, 4-5mm, >5mm covering the revenue growth of each sub-segment from 2018 to 2030.
Low production costs, an increasing geriatric population base, and favorable regulatory policies offer a competitive edge to players operating in India. Factors such as increasing healthcare spending and the growing prevalence of brain aneurysms are expected to drive the market.
Increasing medical tourism in India, due to the relatively lower cost of intracranial surgery than developed economies such as the U.S., is expected to fuel market growth. The average cost of aneurysm surgery in India is around USD 7,000 as compared to USD 30,000 in the U.S.
The CBR has received research grants worth USD 38.5 million over 10 years. Thus, increasing investments in R&D activities and low cost of treatment are some of the factors driving market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the India flow diverters market , including forecasts for subscribers. This country databook contains high-level insights into India flow diverters market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India flow diverters market size, by product, 2018-2030 (US$M)
India Flow Diverters Market Outlook Share, 2023 & 2030 (US$M)
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